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The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) wishes to state that it has not granted CCFDbank authorisation under section 32 of the KWG to conduct banking business or provide financial services. The company is not subject to supervision by BaFin.

After preparing for the expiry of the product intervention measure imposed by the European Securities and Markets Authority (ESMA) with regard to binary options, the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) is now doing the same regarding contracts for difference (CFDs). BaFin plans to renew the restriction on the marketing, distribution and sale of CFDs to retail clients in Germany.

The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) is planning to prohibit the marketing, distribution and sale of binary options to retail clients at a national level. For this purpose, it has today published the draft version of a general administrative act (only available in German). The German supervisor is thus already preparing for the expiry of the product intervention measure imposed by the European Securities and Markets Authority (ESMA).